Epiq Partners LLC Buys 500 Shares of Brookfield Co. (NYSE:BN)

Epiq Partners LLC increased its stake in shares of Brookfield Co. (NYSE:BN) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,412 shares of the company’s stock after buying an additional 500 shares during the quarter. Brookfield accounts for 1.7% of Epiq Partners LLC’s investment portfolio, making the stock its 18th largest holding. Epiq Partners LLC’s holdings in Brookfield were worth $3,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of BN. CoreCap Advisors LLC bought a new stake in Brookfield in the 4th quarter worth about $29,000. Compass Planning Associates Inc bought a new stake in Brookfield in the 4th quarter worth about $30,000. ST Germain D J Co. Inc. bought a new position in shares of Brookfield in the first quarter valued at approximately $28,000. Sunbelt Securities Inc. grew its holdings in shares of Brookfield by 164.0% in the fourth quarter. Sunbelt Securities Inc. now owns 726 shares of the company’s stock valued at $42,000 after acquiring an additional 451 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Brookfield in the fourth quarter valued at approximately $48,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

Brookfield stock opened at $58.88 on Friday. Brookfield Co. has a one year low of $39.97 and a one year high of $62.78. The business has a fifty day moving average price of $54.00 and a 200-day moving average price of $56.22. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The firm has a market capitalization of $97.01 billion, a P/E ratio of 196.27 and a beta of 1.66.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, May 8th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.90 by $0.08. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. As a group, equities research analysts forecast that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.61%. The ex-dividend date is Friday, June 13th. Brookfield’s payout ratio is 128.57%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD Securities reduced their target price on Brookfield from $77.00 to $74.00 and set a “buy” rating for the company in a report on Monday, May 5th. CIBC reduced their price objective on Brookfield from $74.00 to $72.00 and set an “outperformer” rating for the company in a research note on Friday, May 9th. Morgan Stanley restated an “overweight” rating on shares of Brookfield in a research report on Monday, May 19th. JPMorgan Chase & Co. reduced their price target on shares of Brookfield from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, Wall Street Zen downgraded shares of Brookfield from a “hold” rating to a “sell” rating in a research report on Saturday, May 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.00.

Brookfield Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.